D.A. Davidson & CO. lifted its position in AutoZone, Inc. (NYSE:AZO – Free Report) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 918 shares of the company’s stock after buying an additional 90 shares during the period. D.A. Davidson & CO.’s holdings in AutoZone were worth $2,892,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the third quarter worth about $36,000. Meeder Asset Management Inc. raised its position in AutoZone by 50.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new stake in AutoZone during the 3rd quarter worth about $47,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in AutoZone during the second quarter worth about $50,000. Institutional investors and hedge funds own 92.74% of the company’s stock.
Insider Transactions at AutoZone
In other news, Chairman William C. Rhodes III sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 56.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,880 shares of company stock valued at $46,225,660. Corporate insiders own 2.10% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on AutoZone
AutoZone Stock Performance
NYSE:AZO opened at $3,176.81 on Friday. The company has a market capitalization of $53.69 billion, a PE ratio of 21.22, a P/E/G ratio of 1.61 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,510.00 and a fifty-two week high of $3,256.37. The company has a 50 day simple moving average of $3,121.25 and a two-hundred day simple moving average of $3,035.70.
AutoZone (NYSE:AZO – Get Free Report) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $46.46 earnings per share. Research analysts predict that AutoZone, Inc. will post 158.09 EPS for the current year.
AutoZone Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.
Featured Articles
- Five stocks we like better than AutoZone
- What is the NASDAQ Stock Exchange?
- The Latest 13F Filings Are In: See Where Big Money Is Flowing
- Stock Sentiment Analysis: How it Works
- 3 Penny Stocks Ready to Break Out in 2025
- What is the Dow Jones Industrial Average (DJIA)?
- FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential
Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO – Free Report).
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.